Fibra Mty announced the signing of an agreement for the potential acquisition of an industrial portfolio in Santa Catarina, Nuevo León, for approximately 22 million dollars (mdd) , plus taxes and expenses associated with the operation.
According to the real estate investment trust, the transaction involves two warehouses located within an industrial park , with a combined gross leasable area of approximately 21,300 square meters (m2), built on a land area of approximately 42,000 m2. According to information shared by Fibra Mty itself , the properties have an average age of five years and are fully occupied by two companies: one of Swedish origin, dedicated to the light manufacturing of metal components; and another Mexican company, specializing in corrugated cardboard packaging solutions.
Lease and expansion agreements
Fibra Mty estimates that the portfolio will generate an annual net operating income of approximately $1.68 million during the first 12 months after the closing of the acquisition.
The lease agreements are denominated in dollars, include annual increases linked to the Consumer Price Index (CPI), and have a weighted average remaining term of 4.2 years. They operate under a Triple Net (NNN) model, whereby lessees assume operating expenses, insurance, property taxes, and maintenance costs, in addition to the rent payment.
Also noteworthy: the transaction includes a land reserve of approximately 7,500 m2 , with potential to develop additional rentable area.
The company stated that the transaction has received the necessary corporate approvals , although its completion remains subject to certain conditions. If finalized, it would strengthen its presence in the industrial real estate market of the Monterrey metropolitan area .
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